Highlights
- Failing to adequately repair the structural breaks recorded during the April decline, the market is once again in a vulnerable overbought and divergent condition.
- This is not long-term bearish, but it does mean that tactically minded investors should continue to keep their finger off the buy trigger until we get back to oversold in the days/weeks ahead.
- Since the most divergent part of the market is the all important tech sector, we provide key support levels on the QQQ ETF that should turn back. . .
